Form 4: Western Alliance Bancorporation Executive Reports Stock Transactions

Timothy W. Boothe, Chief Administration Officer at Western Alliance Bancorporation, reports the vesting and sale of restricted stock units and common stock.

Summary

• Timothy W. Boothe, Chief Administration Officer of Western Alliance Bancorporation, reported transactions involving the company's stock on January 15, 2025.
• Mr. Boothe acquired 97 shares of common stock through the vesting of cash-settled restricted stock units.
• He then disposed of 97 shares of common stock at a price of $87.87 per share.
• Following these transactions, Mr. Boothe directly owns 62,513 shares of common stock and indirectly owns 325 shares through his spouse, Alvina Boothe.
• He also holds 2,428 cash-settled restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, which is neither positive nor negative in itself.

Industry Context

This is a routine filing related to executive compensation and stock ownership, which is common for publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The vesting schedule of the restricted stock units, with 1/36th vesting monthly over 36 months, is a common practice for executive compensation.
• The sale of shares after vesting is also a typical action for executives to manage their personal finances and diversify their holdings.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and stock sales.

Key Dates

Keywords

stock transactions, insider trading, restricted stock units, common stock, executive compensation, beneficial ownership, Western Alliance Bancorporation, WAL